Microsoft has been accused of using a huge network of tax havens and subsidiaries to minimise the quantum of tax it pays in Australia, a report from a tax transparency group claims.
Bermuda law firm Appleby is bracing for an exposé similar to the Panama Papers case, after receiving inquiries from the International Consortium of Investigative Journalists about a data breach that occurred last year.
Microsoft has used regional sales units in Ireland, Singapore and Puerto Rico to build up a cash stash of US$108 billion outside the US, according to court papers that have emerged during a case between the software giant and the US Internal Revenue Service.